Shishi Cross Border Trade RMB Settlement Increased 109%

< p > yesterday, the reporter learned from the Shishi sub branch of the people's Bank of China that the total amount of settlement and receipts and payments of the a href= "//www.sjfzxm.com" > cross-border trade < /a > has reached 2 billion 145 million yuan this year, an increase of 109% over the same period last year. Among them, the income of 1 billion 541 million yuan, an increase of 109.75% over the same period, spending 604 million yuan, an increase of 109.29% over the same period last year. < /p >
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< p > RMB settlement in cross-border trade is a policy aimed at promoting the internationalization of RMB and enhancing the international status of RMB. The policy stipulates that conditional enterprises can, on a voluntary basis, carry out cross-border trade settlement in Renminbi. Commercial banks can directly provide cross-border trade related RMB settlement services to enterprises within the policy set by the people's Bank of China. < /p >
"P > cross-border trade in renminbi settlement will undoubtedly benefit directly from the lion's lion's share of the business, so that it does not need to consider the exchange rate risk caused by foreign currency settlement, nor does it have to bear the cost of foreign currency exchange. For this reason, banks in Shishi district are almost all "hands-on" teaching enterprises. Recently, they have carried out activities with the enterprises, starting from signing contracts, stocking, declaring, collecting payments and so on. The choice of cross border trade in renminbi settlement has benefited many enterprises. The chief executive of Shishi, a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a >, told the reporter that in the past, business with foreign customers always divided the product price by the current exchange rate price, which could be quoted after a conversion. Nowadays, more and more enterprises' foreign trade personnel do not have to "toss" again, leaving behind the way of US dollar settlement, directly adopting cross-border RMB settlement, reducing the pressure of exchange rate fluctuations on enterprises. < /p >
< p > People's Bank Shishi sub branch said that RMB cross-border trade settlement can bring lots of convenience and benefits to enterprises: first, increase the choice of trade settlement currency and avoid exchange rate risk; two, import and export receipts and payments do not need to be exchanged to avoid financial costs arising from exchange; three, it is necessary to cancel the original links and procedures without checking the import and export foreign exchange; four, it is easier to export tax rebate procedures, faster procedures, declare currencies in line with the tax rebate currency, avoid exchange rate conversion losses; five, facilitate trade finance, and will not increase the financial burden for enterprises, and also help enterprises to manage their group funds flexibly and efficiently. It is also true that the number of enterprises choosing RMB a href= "//www.sjfzxm.com/news/index_p.asp" > Shishi /a > RMB cross-border trade settlement is increasing, and the amount of RMB settlement in cross-border trade is also rising. < /p >